Assume the Following Sales Data for a Company $$\begin{array} { l r } 2015 & \$ 945,000 \\2014 & 877,500 \\2013 & 650,000\end{array}$$

question 62

Multiple Choice

Assume the following sales data for a company: $$\begin{array} { l r } 2015 & \$ 945,000 \\2014 & 877,500 \\2013 & 650,000\end{array}$$ If 2013 is the base year, what is the percentage increase in sales from 2013 to 2014?

• A) 24%
• B) 35%
• C) 76%
• D) 135%

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Definitions:

Plantwide Overhead Rate

The rate calculated to allocate the total overhead costs uniformly across all products or services in a plant or factory.

Overhead Allocation Base

A measure or standard used to distribute indirect costs to various cost objects, such as products or departments, typically involving labor hours, machine hours, or cost centers.

Departmental Overhead Rate

A rate used to allocate overhead costs to specific departments, based on criteria such as department size or usage of overhead resources.

Machine Hours

A measure of the total operating time of machinery within a certain period.